NAICS 525910: Open
This industry comprises legal entities (i.e., open-end investment funds) organized to pool assets that consist of securities or other financial instruments.  Shares in these pools are offered to the public in an initial offering with additional shares offered continuously and perpetually and redeemed at a specific price determined by the net asset value.

Illustrative Examples:

Investment funds, open-ended
Money market mutual funds, open-ended


ExioML sector: Financial intermediation services, except insurance and pension funding services (65)
Region: US | Year: 2022
Sector value added: 513913.698347 M EUR | Employment: 4156.5058422 thousand persons
Sector GHG emissions: 6216615088.58 kg CO2 eq | Energy carrier net total: 178921.216966 TJ | Carbon intensity: 0.0120966129304895

Company: Ares Capital Corporation
Ares Capital is a market-leading Business Development Company and one of the largest direct lenders in the U.S. We have elected to be regulated as a business development company ("BDC") under the Investment Company Act of 1940 and the rules and regulations promulgated thereunder.